Economic Indicators

Consistent and sustainable macroeconomic policies pursued by the Georgian Government have produced positive results as evidenced by strong economic growth trends.

Key Macroeconomic Indicators of Georgia

Economic Activity	2000	2001	2002	2003	2004	2005	2006	2007
Nominal GDP (GEL mln)	6,043	6,674	7,456	8,564	9,824	11,621	13,784	16,924
Nominal GDP (US$ mln)	3,060	3,219	3,400	3,995	5,166	6,416	7,744	10,645
GPD per Capita (US$)	658	697	741	877	1,139	1,419	1,760	2297
GDP growth %	1,8	4,8	5,5	11,1	5,9	9,6	9,4	12.4

Inflation
CPI (year end %)	4,6	3,4	5,4	7	7,5	6,2	8,8	11

External Balances
Total Exports (FOB, US$ mln)	323	318	346	461	647	866	993	1,240
Total Imports (CIF, US$ mln)	709	753	796	1,141	1,848	2,491	3,678	5,217
Trade Balance (US$ mln)	-387	-436	-450	-680	-1,201	-1,625	-2,685	-3,977
FDI (US$ mln)	131	110	167	340	499	450	1,147	1,400
FDI as % of GDP	4,3	3,4	4,9	8,5	9,7	7	14,8	13.2

Exchange Rate
GEL/US (Average)	1,98	2,07	2,19	2,15	1,92	1,81	1,78	1.59

Source: Department for Statistics of the Ministry of Economic Development of Georgia

GDP Growth %

Source: Department for Statistics of the Ministry of Economic Development of Georgia

Net FDI, 2003-2008F

Export structure by product, 2007 Import structure by product, 2007

President Saakashvili and his government have successfully created a very attractive environment for economic development as the basis for building a nation that provides its citizens with hope and opportunity

Steve C. Nicandros

Frontera Resources Houston, President and CEO